A Search Model for Joint Implementation
Date
30.08.2009
30.08.2009
Authors
Giovanni Bella
JEL Code
C61, O13, Q26
C61, O13, Q26
Keywords:
Environmental economics, Search theory, Market failures
Environmental economics, Search theory, Market failures
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
The aim of this paper is to present a search model in the field of environmental economics, where so-called clean and dirty producers enter the trading market, both looking for a partner with whom to exchange the goods they are endowed with. The model derived in this paper is rather simple. Nevertheless, it is able to produce a series of interesting results and useful insights, and is conveniently used here as a framework to explain the functioning of Joint Implementation programmes for polluting emissions’ reduction.